I’m under 60. Does my super payout also affect my other income, and tax bill?
Q: I turn 55 soon and I am eligible for a super payout of $150,554 next month of which only the $554 is taxable at 16%. However I still intend to keep working and wondered how this will affect the tax payable on my super.
I’m 59 and I have $180,000 in super. Will my super be taxed?
Q: I’ve just turned 59, and I’m thinking of retiring before I turn 60. I would like to know whether I would have to pay tax on my superannuation. I know that after I turn 60, it’s tax-free, so my inquiry is regarding the period till I turn 60.
Turning 55: Taking super, tax and timing
Q: If at 55, I take up to $150,000 out of my super as a lump sum tax free, when I turn 60 will I be able to draw down as a lump sum the rest of my super tax free? For an individual to access preserved super benefits they must satisfy a condition of release…
Super for beginners, part 15: Super tax – as easy as 1-2-3
Your superannuation benefit can be taxed at three stages: When making contributions, when a super fund earns income and when receiving super benefits
Retirement: Taking benefits before the age of 60
When you retire early, you’re going to have to make a few decisions. The tax implications of your retiring before the age of 60 can depend on whether you take your super as a lump sum and/or income stream.
Super rates and thresholds for the 2011/2012 year
The ATO has released the contributions caps for the 2011/2012 year – again, no change from the 2010/2011 year caps. The ATO has also released other updated superannuation rates and thresholds, including the co-contribution income thresholds, for the 2011/2012 year.
Super rates and thresholds for the 2010/2011 year
The ATO has released the contributions caps for 2010/2011 year – no change from the 2009/2010 year caps I’m afraid. The ATO has also released other updated superannuation rates and thresholds for the 2010/2011 year…
Super rates and thresholds for the 2009/2010 year
New super rates and thresholds now available. The ATO has released updated superannuation rates and thresholds for the 2009/2010 year. The main caps, rates and thresholds are listed below.
